Loading…
Phillips 66 launched an online portal for buying sustainable aviation fuel environmental attributes on November 10. On November 12 it signed a long-term deal with Restaurant Technologies to supply certified used cooking oil to its Rodeo Renewable Energy Complex in California.
Securing used cooking oil feedstock for renewable diesel and SAF adds demand for waste fats and oils that compete with tallow and yellow grease used in animal feed. Impact on feed fat prices is modest.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.